ARL cuts refinery run-rate by 50% owing to low demand

MG News | March 27, 2020 at 12:13 PM GMT+05:00

0:00

March 27, 2020 (MLN): Attock Refinery Limited (ARL) has informed Exchange via a notification that the Refinery is currently operating at 50% of its capacity owing to the low demand for petroleum products due to the coronavirus issue.

However, the company clarified that sufficient inventories of products are available to meet the current requirement which has also been informed to the Ministry of Energy (Petroleum Division) accordingly.

Moreover, the situation will be kept under review for any further appropriate action.

Copyright Mettis Link News

Related News

Pioneer Cement profit rises 3.65% in HY26

BECO introduces 5MW solar expansion

Symmetry Group to acquire U.S. based LogoDesignGuru

Name	Price/Vol	%Chg/NChg
KSE100	183,049.81 350.08M	0.49% 896.25
ALLSHR	109,841.97 731.28M	0.37% 406.56
KSE30	55,980.66 79.85M	0.38% 209.40
KMI30	259,664.81 146.46M	0.67% 1734.22
KMIALLSHR	70,650.71 440.38M	0.27% 189.19
BKTi	52,787.22 32.29M	0.12% 64.20
OGTi	36,172.75 5.18M	-0.80% -290.18

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	66,590.00	69,415.00 66,490.00	-2345.00 -3.40%
BRENT CRUDE	70.52	70.72 69.00	1.72 2.50%
RICHARDS BAY COAL MONTHLY	96.00	0.00 0.00	0.40 0.42%
ROTTERDAM COAL MONTHLY	102.75	102.75 102.00	1.05 1.03%
USD RBD PALM OLEIN	1,071.50	1,071.50 1,071.50	0.00 0.00%
CRUDE OIL - WTI	65.60	65.83 64.15	1.64 2.56%
SUGAR #11 WORLD	13.89	14.12 13.86	-0.23 -1.63%